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Personal Umbrella Insurance

Personal Umbrella Insurance in Byron, MI and Surrounding Areas

When it comes to insurance coverage, you can never be too safe. Even with a well-rounded insurance portfolio that includes various vital coverages, you may eventually find yourself in a situation that requires additional protection. Fortunately, personal umbrella insurance policies exist for just that reason,

The insurance experts at Blackmore-Rowe Insurance are prepared to use over 75 years of experience helping clients in the Durand area assess their personal umbrella coverage needs and craft a suitable policy.

What Does Personal Umbrella Insurance Cover?

Personal umbrella insurance creates a versatile safety net for policyholders that can provide critical financial aid in response to many common incidents or situations. In general, your coverage will be activated if your standard homeowners, auto or boat insurance cannot fully cover damages and losses. Most personal umbrella policies will include protection for the following:

  • Bodily injury—If another party, such as a neighbor, visitor or passerby, is injured and you are found liable, this type of coverage can help pay for resulting medical costs, lost income and funeral expenses that exceed your homeowners insurance limits.
  • Property damage—If you are responsible for damage to someone else’s property and repair or replacement costs exceed your coverage limits, personal umbrella insurance can provide further assistance.
  • Personal and advertising injury—If your coverage limits are exhausted amid a lawsuit related to personal and advertising injury, such as libel, slander, copyright infringement or invasion of privacy, this coverage can help pay for the outstanding costs.
  • Legal expenses—If a lawsuit against you results in legal fees and costs exceeding your coverage limits, personal umbrella insurance can be critical for maintaining your legal defense and representation.

In most cases, personal umbrella insurance policies provide coverage for the policyholder, spouses, relatives or dependents living with the policyholder and any other person specifically included in the policy’s declarations. Coverage may also include incidents involving pets, such as if your dog bites someone.

Get the Right Coverage

Standard insurance policies may be capable of handling many incidents, but it’s necessary to consider the consequences of not having additional protection in place. If coverage limits are exceeded, those without personal umbrella coverage will have to pay the remaining costs out of pocket, which could have significant ramifications for your financial situation and quality of life.

Contact Us Today

A personal umbrella insurance policy may cover claims that exceed the liability limits of your existing policies. Blackmore-Rowe Insurance Agency can help you evaluate your needs and risks to ensure you have suitable coverage to protect your financial livelihood.